ExecuStay is a provider of temporary, furnished, corporate relocation and insurance housing for stays of 30 days or longer, located in 45 regions in the
United States
The United States of America (USA), also known as the United States (U.S.) or America, is a country primarily located in North America. It is a federal republic of 50 U.S. state, states and a federal capital district, Washington, D.C. The 48 ...
and maintaining over 6,000 temporary homes.
History
ExecuStay was founded in 1987 and was one of the first corporate housing providers to offer its stock for sale to the public in August 1997. ExecuStay Corporation was purchased by
Marriott International
Marriott International, Inc. is an American multinational corporation, multinational company that operates, franchises, and licenses lodging brands that include hotel, residential, and timeshare properties. Marriott International owns over 37 ho ...
in 1999, and was renamed ExecuStay by Marriott.
In March 2002, the name was changed to Marriott ExecuStay.
Between 1999 and 2002, the annual revenue of ExecuStay increased from $1 million to more than $50 million in less than 3 years. In less than two years, the division’s available apartments increased from 180 to 800 units. The geographic coverage of ExecuStay also expanded into nearby
Connecticut
Connecticut ( ) is a U.S. state, state in the New England region of the Northeastern United States. It borders Rhode Island to the east, Massachusetts to the north, New York (state), New York to the west, and Long Island Sound to the south. ...
,
New Jersey
New Jersey is a U.S. state, state located in both the Mid-Atlantic States, Mid-Atlantic and Northeastern United States, Northeastern regions of the United States. Located at the geographic hub of the urban area, heavily urbanized Northeas ...
,
Westchester, and
Long Island
Long Island is a densely populated continental island in southeastern New York (state), New York state, extending into the Atlantic Ocean. It constitutes a significant share of the New York metropolitan area in both population and land are ...
, in a time when the concept of corporate housing was considered a feature of
Manhattan
Manhattan ( ) is the most densely populated and geographically smallest of the Boroughs of New York City, five boroughs of New York City. Coextensive with New York County, Manhattan is the County statistics of the United States#Smallest, larg ...
's real estate market.
In April 2012, Marriott sold ExecuStay to Oakwood Worldwide Corporate housing.
References
External links
ExecuStay Corporate ApartmentsExecustay MidwestTransitions Group
{{Hotel chains
1987 establishments in the United States
Extended stay hotel chains